According to Odaily Planet Daily, after acquiring Riot Platforms, US mining company CleanSpark has become the second largest mining company by market value. CleanSpark is building a new plant in Cheyenne, Wyoming, which is expected to be operational by the end of the year.
The company is also acquiring a second mine in Wyoming and will expand into Tennessee through the acquisition of GRIID Infrastructure. CleanSpark has signed contracts for 75 megawatts of power in Wyoming, of which 30 megawatts are used to run the S21 Immersion XP application-specific integrated circuit (ASIC).
This will increase the company’s hash rate by 2EH/s. CleanSpark is currently looking for additional power sources for the facility.